Sure! Here’s a clear explanation about ETH (Ethereum) in English:
What is ETH?
ETH (Ether) is the native cryptocurrency of the Ethereum blockchain. Ethereum is a decentralized, open-source blockchain that allows developers to build and deploy smart contracts and decentralized applications (dApps).
ETH is used to:
Pay for transaction fees (also called “gas fees”) on the Ethereum network.
Act as a store of value like Bitcoin.
Be used in DeFi (Decentralized Finance), NFTs, staking, and many Web3 applications.
Key Features of Ethereum (ETH)
Smart Contracts – Programs that run automatically when certain conditions are met.
dApps – Applications that run on blockchain without centralized control.
Ethereum 2.0 (Proof of Stake) – ETH has shifted from Proof of Work to Proof of Stake, making it faster, cheaper, and more energy-efficient.
Staking – You can stake ETH to help secure the network and earn rewards.
Difference Between Bitcoin and Ethereum
Bitcoin (BTC): Mainly a digital currency and store of value.
Ethereum (ETH): A platform for smart contracts and decentralized applications, with ETH as its fuel.
👉 In short: ETH is not just a currency but also the fuel that powers the Ethereum ecosystem.
Would you like me to also explain the future potential of ETH (price trends, adoption, and risks) like I did for Bitcoin earlier?
